117 W 9th St, Long Beach, CA 90813
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Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 1,399,900
Est. payment /mo
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117 W 9th St Long Beach, CA 90813

10 Beds

4 Baths

3,240 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,240 sqft

Price per Sqft $432

MLS Listing ID 26870367

Style Traditional

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 1918

Annual Tax Amount $17,358

Tax Year 2026

Lot Size 2,502 Sqft

Acres 0.0574

Property Sub-Type Multi-Family

Property Description

RARE 4-UNIT OWNER-USER, VALUE-ADD & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 117 W. 9th Street presents a unique opportunity to acquire a Long Beach multifamily property with TWO VACANT 2-BEDROOM UNITS. 50% OF THE PROPERTY AVAILABLE FOR IMMEDIATE OCCUPANCY OR LEASE-UP! The two currently occupied units generate $3,355 per month / $40,260 annually, with existing rents of $1,995 and $1,360. This provides established income from day one while leaving TWO 2-BEDROOM UNITS VACANT and available for a new owner to immediately reposition, improve, occupy, or lease at current market rents, subject to applicable laws. For an OWNER-USER, the opportunity is particularly compelling: occupy one of the vacant 2-bedroom units while receiving rental income from the occupied units and retaining an additional vacant 2-bedroom unit for future rental income. For an INVESTOR, 50% vacancy creates the opportunity to immediately address a significant portion of the property's income potential rather than waiting for existing tenants to vacate. Current annual operating expenses are approximately $16,800, with current NOI of approximately $23,460 BEFORE ANY INCOME FROM THE TWO VACANT UNITS. The property's current financial performance therefore reflects only 50% physical occupancy and should be evaluated together with the potential income available through lease-up of the two vacant units. Multiple strategies are available: OWNER-OCCUPY, LEASE-UP, RENOVATE, VALUE-ADD, HOLD, or 1031 EXCHANGE. Existing income + two vacant 2-bedroom units + immediate control of 50% of the units creates a compelling opportunity for a buyer seeking long-term upside. PORTFOLIO SALE: 117 W. 9th Street is being offered as part of a portfolio sale together with 1089 E. 7th Street, Long Beach, providing an opportunity to acquire multiple Southern California multifamily assets. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer. Buyer to independently verify all rents, expenses, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and owner-occupancy requirements.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Building/Complex Name Owner

Zoning LBR4N

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Flooring Mixed

Fireplaces Type None

Equipment None

Exterior

Parking Features On street

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Composition

Building

Lot Description Lot Shape-Rectangular, Street Lighting, Street Paved, Alley Paved, Corners Established, Curbs

Story 2

Foundation Raised

Sewer In Street

Water Water District

Architectural Style Traditional

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Schools

School District Long Beach Unified

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of California Inc

NEARBY SCHOOL & BUSINESS

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117 W 9th St

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